An offshore company can be described as an entity registered outside the country where it’s mainly operating in. The term offshore refers to the company not being resident where it is formally incorporated.
The Transatlantic Trade and Investment Partnership (T-TIP) is a trade and investment agreement between the United States and the European Union. This agreement has unlocked American business opportunities in Europe and vice versa. More than 200 international companies have established operations in Malta and the country’s business friendly approach makes it easy to open a company in Malta.
The Private Limited Liability company is the most adopted type of business vehicle in Malta. The main reason is the legal protection it gives but also the minimum requirements for setting up this type of company. A private company must restrict the rights to transfer its shares, limited the number of members to fifty and prohibit invitation to the public to subscribe to any shares or debentures of the company.
Setting up a company in Malta is a very exciting prospect. Malta is not only a great place to do business but it also is a place that many visitors fall in love with, thanks to the local people, gorgeous weather and the beautiful scenery. Here, we give you the top reasons, which are not all related to the aesthetics and culture of the island, why you should consider setting up a company in Malta.
Malta’s process of registering a business and tax systems are the most favourable in Europe, and this is made possible by its ideal location in the Mediterranean. Its financial sector is very firm coupled with a flourishing online gaming sector. To start a business in this state, you will need a clear idea of what you want it to be as most structures adopted here are in line with sole trader business, partnership and limited liability corporations. If you are looking to start a business that doesn’t require a lot of hassle, consider the sole trader.
When registering a business and in order to promote various different business activities, the government has gotten rid of the requirement of trade license in Malta for various different business activities and trading company formation. Specifically, this has been done through what's called Legal Notice 40 which was drafted and proposed in 2016 and became official on the 1st of January in 2017. L.N 40 makes it clear as to which business activities require a trading license and which do not. A trade license in Malta business need is granted by the Commerce Department.
Malta has grasped the iGaming industry and its iGaming firms are currently leading when it comes to being the best in business. The success of iGaming in Malta has made the Maltese people to become experts when it comes to iGaming and this makes us rename Malta as Europe’s Silicon Valley when it comes to their expertise in the iGaming industry.